On March 18, 2026, 1606 Corp., a Nevada-based corporation, announced its engagement with Moody Capital Solutions, Inc. as its sole exclusive placement agent and financial advisor. This strategic move is aimed at enhancing the company's access to capital markets as it advances its initiatives in technology infrastructure and artificial intelligence applications. The engagement, which commenced on February 18, 2026, will last until December 31, 2026, and includes customary cash and equity-based compensation tied to successful financing completions. The company has also disclosed plans to acquire a 55-megawatt power generation facility and a 50,000 square-foot data center-ready infrastructure site in Texas, which is expected to support data centers and AI-related infrastructure. This acquisition remains subject to customary closing conditions. CEO Austen Lambrecht expressed confidence that this partnership with Moody Capital will bolster the company's corporate development and strategic planning objectives, positioning it for efficient capital market access. The engagement is seen as a positive step towards securing necessary funding for the company's growth and operational strategies.
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